• Passengers arrive at Dubai Airport Terminal 3. The UAE is introducing new visa rules from September 5, 2022. Antonie Robertson / The National
    Passengers arrive at Dubai Airport Terminal 3. The UAE is introducing new visa rules from September 5, 2022. Antonie Robertson / The National
  • The green visa allows people to live, work and invest in the UAE. Photo: Bloomberg
    The green visa allows people to live, work and invest in the UAE. Photo: Bloomberg
  • The five-year green visa is aimed at attracting experienced professionals, freelancers, investors and entrepreneurs. Photo: AFP
    The five-year green visa is aimed at attracting experienced professionals, freelancers, investors and entrepreneurs. Photo: AFP
  • The worker should have a valid work contract in the UAE with a salary of at least Dh15,000 and a bachelor's degree in certain skilled fields. Photo: National Geographic
    The worker should have a valid work contract in the UAE with a salary of at least Dh15,000 and a bachelor's degree in certain skilled fields. Photo: National Geographic
  • The green visa for investors is given to those establishing or participating in commercial activities. Photo: DMCC
    The green visa for investors is given to those establishing or participating in commercial activities. Photo: DMCC
  • People outside the country who wish to acquire a green visa can apply for a 60-day entry work permit to enter the UAE and complete the application on arrival. Photo: Wam
    People outside the country who wish to acquire a green visa can apply for a 60-day entry work permit to enter the UAE and complete the application on arrival. Photo: Wam
  • The green visa holder can sponsor residency for first-degree relatives for five years. Bloomberg
    The green visa holder can sponsor residency for first-degree relatives for five years. Bloomberg
  • The green visa may become invalid if the holder remains outside the UAE for more than 180 days. Photo: Antonie Robertson / The National
    The green visa may become invalid if the holder remains outside the UAE for more than 180 days. Photo: Antonie Robertson / The National

New green visa shows UAE is 'open for business'


Patrick Ryan
  • English
  • Arabic

The new five-year green visa for residents is proof that the UAE is open for business, a leading employment expert has said.

The new visa, which comes into effect on September 5, offers people the opportunity to stay in the country for longer, compared with the two and three-year limits on standard residency visas.

These changes will attract new talent, with residents able to sponsor themselves, removing the pressure on employers to cover the cost, said Emily Roberts, principal consultant at Dubai recruiter Genie.

The people who will particularly benefit are freelancers or those working on shorter-term projects, she said.

A key benefit of the green visa is the extension for male dependents to be sponsored up to the age of 25, as previously it was restricted to the age of 18
Emily Roberts,
employment expert

“The UAE is seen as a hub of activity for the forward thinker and these green visas being available only shows that the region is evolving with the pace of growth,” said Ms Roberts.

“It shows the rest of the world we are open for business and ready for the best talent to come to the UAE.”

Green visas are available to “skilled workers” who earn more than Dh15,000 ($4,084) a month and possess a bachelor’s degree or equivalent-level qualification.

That will allow many teachers, medical workers and middle managers to qualify for longer-term visa status for the first time, depending on their salary.

The government has not yet released the cost of applying and processing a green visa. The one-off cost for a 10-year golden visa is about Dh4,000.

Sponsoring relatives

The visa provides a five-year residency, without the need for an employer or other sponsor, and enables holders to bring first-degree relatives into the country for the duration of their stay.

“A key benefit of the green visa is the advantage for families as there will be the extension for male dependents to be sponsored up to the age of 25 as previously it was restricted to the age of 18,” said Ms Roberts.

“This will enable young male professionals to remain under their family sponsorship, which can be a big plus when trying to get on the career ladder in the UAE.

“I believe we will see a lot of families with the green visa will stay for longer in the UAE as the five-year validity will provide them with security.”

Emily Roberts, principal consultant at recruiters Genie, says the UAEE is seen as a hub of activity for the forward thinker. Photo: Genie
Emily Roberts, principal consultant at recruiters Genie, says the UAEE is seen as a hub of activity for the forward thinker. Photo: Genie

Visa lets you sponsor dependents

The new visas also allow a family to sponsor a female dependent of any age.

Ms Roberts said she believed this would also open up significant opportunities for young female talent in the region.

“This is a huge benefit as a lot of businesses are unable to provide employment visas for a one or two-month internship, as it doesn't commercially make sense for them,” she said.

“With this extension we may see more graduates entering the market sponsored by their parents which is an easier transition into working life.”

The new visas are also available to freelance or self-employed talent.

How to check if you qualify

To qualify they must show they also possess a bachelor’s degree, or a specialised diploma, according to the UAE Government’s website.

They must also hold a self-employment/freelance permit and show earnings no less than Dh360,000 from self-employment over the past two years or provide proof of financial solvency during their stay in the UAE.

“As the world is evolving there are many more categories of employment other than being employed,” said Ms Roberts.

“This [new visa] allows individuals who are defined in other categories to plan ahead.

“A digital nomad, a crypto entrepreneur, or a real estate investor can now think ahead with family in mind or perhaps settle for several years as opposed to thinking just a couple of years in advance.”

Vijay Gandhi, a director with HR and recruitment company Korn Ferry, said the green visa will also attract those looking for more flexible working conditions.

“People will be able to work on specific projects and not have to worry about being able to stay in the country once those projects come to an end,” Mr Gandhi said .

“It will help attract talent in sectors where there has been a shortage in recent times.

“You are likely to see a lot of people from digital sectors applying.”

David Mackenzie, group managing director at Mackenzie Jones, is calling for the visa to be opened to more categories of people. Photo: Mackenzie Jones
David Mackenzie, group managing director at Mackenzie Jones, is calling for the visa to be opened to more categories of people. Photo: Mackenzie Jones

However, the condition that green visas were only available to people holding a bachelor’s degree, or equivalent, could limit the amount of available talent, said another employment expert.

“We’ve seen many instances in this region of companies not hiring someone because they don’t have a degree,” said David Mackenzie, group managing director of recruitment agency Mackenzie Jones.

“Just because you have a degree doesn’t necessarily mean you are brighter than someone who does not have one.

“People who don’t have degrees have often had to work harder to reach the levels they have.”

He also said putting a premium on someone’s qualifications was going against the trend in other parts of the world.

“The common themes companies in the western world are looking for are experience and your skill set,” he said.

“The reality is you are going to be a better candidate if you have valuable experience in the industry.”

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

MATCH INFO

Leeds United 0

Brighton 1 (Maupay 17')

Man of the match: Ben White (Brighton)

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

MATCH INFO

Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
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Results

4pm: Al Bastakiya Listed US$300,000 (Dirt) 1,900m; Winner: Emblem Storm, Oisin Murphy (jockey), Satish Seemar (trainer).

4.35pm: Mahab Al Shimaal Group 3 $350,000 (D) 1,200m; Winner: Wafy, Tadhg O’Shea, Satish Seemar.

5.10pm: Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m; Winner: Wildman Jack, Fernando Jara, Doug O’Neill.

5.45pm: Burj Nahaar Group 3 $350,000 (D) 1,600m; Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.

6.20pm: Jebel Hatta Group 1 $400,000 (T) 1,800m; Winner: Barney Roy, William Buick, Charlie Appleby.

6.55pm: Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m; Winner: Matterhorn, Mickael Barzalona, Salem bin Ghadayer.

7.30pm: Dubai City Of Gold Group 2 $350,000 (T) 2,410m; Winner: Loxley, Mickael Barzalona, Charlie Appleby.

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Biog

Age: 50

Known as the UAE’s strongest man

Favourite dish: “Everything and sea food”

Hobbies: Drawing, basketball and poetry

Favourite car: Any classic car

Favourite superhero: The Hulk original

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MOST%20POLLUTED%20COUNTRIES%20IN%20THE%20WORLD
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Brief scores:

Arsenal 4

Xhaka 25', Lacazette 55', Ramsey 79', Aubameyang 83'

Fulham 1

Kamara 69'

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Cracks in the Wall

Ben White, Pluto Press 

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

CREW
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UAE currency: the story behind the money in your pockets
BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Manchester United v Club America

When: Thursday, 9pm Arizona time (Friday UAE, 8am)

THE SPECS

BMW X7 xDrive 50i

Engine: 4.4-litre V8

Transmission: Eight-speed Steptronic transmission

Power: 462hp

Torque: 650Nm

Price: Dh600,000

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

What is Bitcoin?

Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.

The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers. 

Updated: September 05, 2022, 6:05 AM